This live album consisted of recordings made at various locations on the band’s 1994 European tour.

The cassette version included two additional items - One Of These Days, and the pre-show, ambient Soundscape recording, which attendees heard as they waited for the concert to start.

The initial versions of the CD edition included a flashing red LED within the cover, designed by EMI contractor Jon Kempner. Nick Mason said of it: "Essentially, it's a device which we thought was entertaining. It's an idea of Storm Thorgerson's which related to Dark Side and the pulse, and it's a live album so the box is ‘alive’.

After that, in terms of seriously deep meanings, one might be struggling a bit.” In February 2022 the restored and re-edited version of P.U.L.S.E. was released which saw the return of the flashing red LED to the packaging.